Security of deposits and investments

How are bank deposits protected?

The Deposit Guarantee Scheme provides protection to depositors in the event that the deposit bank is unable to repay customers’ deposits itself. The maximum amount of cover is EUR 100,000 per customer and per bank. In Finland, the Financial Stability Authority is responsible for deposit protection. Read more about deposit protection on the RVV page Frequently Asked Questions about Deposit Protection.

The Financial Supervisory Authority ensures that banks provide their customers with sufficient information about the essential content of deposit protection.

What is the Investors’ Compensation Fund?

The Investors’ Compensation Fund repays investors’ funds and financial instruments in the event of the service provider’s insolvency. If a Finnish credit institution or investment firm holds a customer’s funds and is unable to repay or return them to the customer, the Fund pays the customer compensation up to a maximum EUR 20,000. Investment-linked insurance, investment fund activities, and crypto assets are not covered by the protection. For more information, see the Investor Compensation Fund's website.

How are policyholders protected?

Policyholders do not have a compensation fund that would protect their receivables in the event of the insurance company’s insolvency. Efforts are made to safeguard policyholders’ interests by supervising insurance companies’ financial position.